What the bad jobs report means for markets
Hertz Global Holdings (OTC:HTZGQ) Wnt (HTZWW) stock soared to a 52-week high, reaching a price level of $4.91. While this marks a significant milestone, InvestingPro data reveals concerning fundamentals, including negative EBITDA of -$1.01B and substantial debt of $18.4B. Technical indicators suggest the stock is in overbought territory. This peak reflects a robust year-over-year growth, with the 1-year change data showcasing an impressive 58.67% increase. While investors have shown increased confidence, InvestingPro analysis flags potential risks with 13 additional key insights available to subscribers, including concerns about cash burn rate and debt servicing capability. The stock’s beta of 2.38 indicates significantly higher volatility than the market average.
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